|REF||STATE||LOCATION||ANNUAL GROSS $||STATUS||PRIVATE SALE / BROKER|
|0674||AZ||Phoenix||$147,500||sold||Berkshire Business Sale & Acquisitions|
Established in 2002, this CPA practice generates $147,249 in gross annual revenue and benefits from excellent balance with 50% tax and 50% bookkeeping.
The practice undertakes 24 partnership returns, 150 individual 1040 returns and 24 C-Corp returns. It also benefits from 24 accounting clients that generate year round income.
With no lease ties, this practice could be rolled into an existing infrastructure.
In terms of transition, the practitioner will provide part-time support for 30 days without compensation. Further support can be provided on a fee basis.
The principle will accept a discounted cash price of $95,000 not subject to retention, or a financed price of $126,500, with $88,000 down subject retention.
The principle has accepted a controller position in a middle market company and needs to sell prior to the next tax season.